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3 Hot Stocks as Latest Inflation Data Paints Fed Into a Corner

by | Apr 12, 2023

Before I get to today’s market outlook, I wanted to let you know that I’m holding a special open house session of my VIP Trade Room at noon ET today, April 12!

We’ll discuss today’s Consumer Price Index report, scan for opportunities and more!

Use this link to join me at noon ET today: https://us02web.zoom.us/j/81470521405

The major indexes climbed Wednesday morning following the March Consumer Price Index report.

March CPI rose 0.1% month over month versus 0.3% expected. While this is good news for the market, the report is not as bullish as it might appear…

Core CPI, which excludes food and energy, came in at 5.6% year over year. That’s in line with estimates, but above the previous month’s reading of 5.5%, indicating that inflation is getting slightly worse, not better.

The Federal Reserve will look at the core CPI data when determining the next step in its fight against inflation, so I’m being cautious.

In this morning’s stock market recap video, I’ll discuss why today’s CPI report puts the Fed in a corner… which sectors are most influenced and impacted by interest rate moves… whether small caps are leading the market or lagging behind… what happens to the real estate market and utilities when the Fed takes action… the top stock to go long in today’s tough market action… plus which two stocks I would fade right now!

Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!

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P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.

That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!

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Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details. 

Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!

Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!

Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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